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FirstEnergy Solutions Files Certification Letter with NRC Affirming Plan to Close Nearly 4,050 MW of Nuclear Generating Facilities

LCG, April 26, 2018--FirstEnergy Solutions (FES), a competitive generation subsidiary of FirstEnergy Corp., yesterday announced that it has filed a Certification Letter with the Nuclear Regulatory Commission (NRC) formally notifying the Commission of its decision to permanently deactivate its nuclear power plants over the next three years, citing "severe economic challenges." When the closures are combined, the reduction will total 4,048 MW of carbon-free, electric generating capacity. In 2017, the nuclear units contributed approximately 65 percent of the electricity produced by the FES generating fleet.

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Alliant Energy to Install More Wind Farms in Iowa

LCG, April 19, 2018--Alliant Energy's Iowa utility subsidiary, Interstate Power and Light Company (IPL), received approval to increase its wind expansion program from the Iowa Utilities Board (IUB). Through this expansion, combined with existing wind farms and market purchases, the company expects wind to provide approximately one-third of its total electric generating capacity in Iowa by the end of 2020.

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Industry News

FPL Announces Plans for 2,100 MW of New Solar PV Installed Capacity

LCG, April 5, 2017--Florida Power & Light Company (FPL) Monday announced that it plans to add a total of nearly 2,100 MWs of new solar photovoltaic (PV) electric generating capacity in Florida over the next seven years, including approximately 600 MWs (at eight sites) previously announced that are expected to be operational by early 2018. FPL currently operates over 335 MW of solar generating capacity.

FPL's latest generation plans and energy mix forecast were filed with the Florida Public Service Commission (FPSC) Monday as part of the company's 2017-2026 Ten Year Site Plan, an annual comprehensive resource planning update that represents the current ten-year outlook for meeting the energy needs of customers.

FPL's plans include the modernization of the site of its first power plant in Dania Beach, near Fort Lauderdale, Florida, where an existing older power plant that was last updated over 25 years ago will be replaced with modern, highly fuel-efficient natural gas technology. The proposed new Dania Beach Clean Energy Center would begin serving FPL customers by mid-2022, with approximately 1,200 MW of generating capacity that FPL expects would save customers hundreds of millions of dollars over its operational life.

Recently FPL also reached a preliminary agreement with JEA to close down the St. Johns River Power Park, a 1,252-MW coal-fired power plant in Jacksonville that is jointly owned by the two utilities. The retirement of the plant, which is no longer economically competitive, is expected to save FPL customers $165 million.

FPL's president and CEO stated, "We continue to advance affordable clean energy strategically - making substantial improvements year after year while keeping overall electric rates lower than they were ten years ago. We're currently building some of the lowest-cost solar ever seen in America, and our investments in more efficient natural gas technology are delivering enormous savings and environmental benefits for our customers and our state. Our strategy of making smart, long-term investments in clean energy infrastructure is working, and we're looking forward to keeping the momentum going with the major advancements announced today - which, combined, are expected to save customers more than half a billion dollars."

In the next few years, FPL expects to reduce its coal and oil usage to less than one percent combined while more than quadrupling solar's share of the company's energy mix. In 2023, FPL projects solar will reach four percent, which is a higher percentage than nearly every state in the nation today.
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